LivenCoin (LVN) is a business backed blockchain token governed by a decentralised reward protocol, launching on an existing network of more than 1,000 brick-and-mortar merchants and 400,000 users. The LVN platform with a technical reach of more than 20,000 venues through Point of Sale integration, and the LivenPay API will enable immediate adoption of the platform by everyday people, making it accessible to businesses and consumers through integration with fiat networks, and ready for transacting at thousands of partner merchants on day one of implementation.
Shortcomings of contemporary cryptocurrencies include price volatility, difficulty of use, and incompatibility with existing financial infrastructure, making them unsuitable for everyday use. LivenPay is an established mobile payment and loyalty platform starting with the food and beverage industry that seeks to solve these fundamental problems with a universal network rewards currency, LivenCoin (LVN).
LVN is rewarded to users who transact in-app and can be used anywhere within Liven’s network of merchants. Users have the option of saving their earnings in their Liven wallet to use on their next transaction, sending peer to peer in real time to their friends or donating to a nominated non-profit or community organisation.
LivenPay won the 2019 Sir Richard Branson’s Extreme Tech Challenge for both the Blockchain & Digital Payments categories for building a seamless on and off ramp to the cryptocurrency and blockchain ecosystem with social impact built into its model.